ICP Price Stuck Below Key EMAs as Bears Remain in Control

The ICP cryptocurrency continues trading below its 9- and 20-day exponential moving averages (EMAs), with bearish momentum indicated by the Moving Average Convergence Divergence (MACD) and neutral RSI readings. This is due to tight bid/ask price range limiting near-term price breakout potential. Order book data reveals strong bid walls safeguarding against downside risk, while stacked ask walls restrict upside movement. A key psychological level acts as a major resistance point.